The characteristics defined by the location include:Total capital required: If you can grow your portfolio using accumulated equity by cash-out refinancing, which is only possible in areas with high appreciation, you'll need considerably less capital from your savings.Inflation protection: Whether rents outpace inflation, enabling you to sustain your lifestyle indefinitely, only occurs in cities with significant and sustained population growth.Income persistence: How long your income will last.

Try educating tenant on appliance and regular maintenance that needed, such as replacing furnace filter. and make sure communication is done properly in right format, like text messages and then follow up with call, if in need of Maintenace repair.

Hello BP Team.  We informed our tenants about the possibility of building two ADU's in our property about 2 months ago.  We spoke to each tenant and gave them a letter explaining our potential plans. The letter was a ...

I suggest serving the proper 3-day notice including all sums delinquent as of your posting the notice and giving them 3 days to pay.

At the end of the day the goal should be to make enough to give you an optimum lifestyle but not go overboard and cause yourself more work/hassle if you don't actually need the additional income that comes from it.Increasing the quality of the area/properties should make it easier management wise and if you don't necessarily need the cash flow now could end up ahead in overall return compared to the lower end areas, especially if you use leverage.I think it depends on your source of active income as well and how long you want to continue doing that for.

I said it 10 years ago when I was on the BP podcast, and it remains true today....the biggest mistake investors make is an inability to properly judge risk.

As to financing, special use permits depend on the term allowed as to secondary financing, a special use permit for a property not properly zoned does not always qualify.

Properly addressing these aspects will help you avoid any legal or financial issues.

But you can avoid these things by investing outside of the city proper.

This is important because you want your name to appear on any claims checks.The following are some general terms that you can use with your Agent, Attorney and CPA to determine the proper form for the coverage.